Packaging solution startup Bambrew raises pre-seed round led by Upsparks. The round also saw participation from investors including LetsVenture, Amity Capital Ventures, Amity Technology Incubator and industry veterans like Kunal Prasad (COO, Cropin), Prashant Gagneja (Business Head- Tropicana, Pepsico India) among others.
Bengaluru based Bambrew was launched in July 2018 by Vaibhav Anant. Bengaluru-based startups ‘Bambrew’ manufactures bamboo straws, cutlery, and packaging materials with the help of tribal in northeast India generating revenue of Rs 10 lakh in a year.
It strives to eradicate single use plastics from the packaging industry by providing an alternative that is eco-friendly, biodegradable, recyclable, and are sourced from sustainable resources.
Vaibhav Anant, CEO, said, “At Bambrew, we have created a unique product that is one of its kind globally. With a $411 billion global market, we are set to disrupt the space by providing a green and eco-friendly packaging solution. We wish to be recognised as a global brand. We are all set to disrupt the space with our green offerings to all sectors of businesses from FMCG to food and now ecommerce as well. Our offerings have garnered interest globally from brands like Sysco and Gordon Food Services in the US to British Canadian importers in Canada.”
Mohamad Faraz, of Upsparks, said, “Bambrew’s innovation could be game-changer, especially at a time when most global companies have pledged to cut plastic pollution over the next few years.”
Bambrew will invest the new funds to build a strong team, fulfil current orders, and increase its supply capabilities in India and overseas markets.